Central Banking
BoE proposes lower bank leverage ratio amid rising market risks
FPC warns that pace of AI investment is ‘unprecedented’ and sovereign debt is ‘historically high’
Data-driven approach needed to assess impact of AI – Lane
ECB board member sets out multiple unknowns as technology reshapes macroeconomic landscape
Israel continues easing cycle following US-Iran ceasefire
Improved inflation outlook and strong currency mean further cuts are likely, expert says
Supreme Court ruling does not end threats to Fed, say experts
Trump likely to continue pursuing Cook while seeking further influence over monetary policy
Indonesia’s foreign reserves increase despite interventions
Central bank attributes slight rise to higher tax revenues and says holdings are sufficient
Soledad Núñez on the future of European financial stability
Spanish deputy governor discusses global regulation and lessons from extreme weather
People: RBNZ appoints assistant governor
BoE names new chief cashier; BSP board members reappointed; Japan designates deputy chair
ECB’s T2 suffers second ‘incident’ as Euronext reports outage
Euro and krone T2 settlements queued for 30–40 minutes following system update last month
Sudan to withdraw low-value notes from circulation
Smaller denominations have lost purchasing power amid inflation and currency depreciation
AI adoption not a race, BoK and World Bank tell public investors
Sovereign investors should approach AI as structural rather than tech change, paper says
Vanuatu holds rates and forecasts continued economic recovery
Pacific island nation’s central bank says reconstruction efforts, tourism, to drive economy
BoE paper builds ‘house price-at-risk’ framework
Quantile regression method can shed light on tail risks at regional level, author says
Financial repression delivers stopgap funding without inflation risk – paper
NBER paper argues recent macro-prudential mandates are effectively forms of repression
Co-ordination key to alleviating tokenisation risks – IMF official
When activity is on shared ledgers, governance failures become systemic risks, Tobias Adrian says
Central Bank of Syria opens new branches
Bank also says it will begin measures to end circulation of Turkish currency
Pooled reserves could improve global financial safety net – paper
‘Synthetic reserve deposit’ could cut costs and improve performance, authors say
Tokenisation: making space for financial inclusion and consumer protection
Manoj Singh says potential benefits of tokenisation are being overlooked
Lagarde ‘regrets’ forward guidance and Warsh plans ‘family fight’
Fed, ECB, BoC and BoE heads discuss inflation, uncertainty, AI, stagflation and independence in Sintra
Private credit ‘probably closer’ to end of cycle
Risk managers say regulatory scrutiny, such as BoE’s Swes, is justified
Investigation of Bangladesh Bank ex-governors continues
Anti-corruption watchdog reviews central bank documents amid probe into alleged misconduct
Uruguay holds rates at 5.75% for third time in a row
BCU says there is no evidence of significant second-round effects from energy supply shock
Asean’s expanding and evolving swap lines
The Asian trade bloc – with and without China, Japan and South Korea – wants to strengthen emergency liquidity support
Samoa to leave policy unchanged over coming year
Central bank expects inflation to rise temporarily due to effects of Iran war
Colombia resumes rate hikes in first post-election decision
Analyst says 75bp hike may be attempt by Banrep to compensate for April’s ‘compromise hold’